LG Display (NYSE:LPL) Sets New 52-Week Low at $3.65

Market Beat
2024.05.22 20:30

LG Display (NYSE:LPL) reached a new 52-week low at $3.65. The stock had previously closed at $3.71. Analyst ratings changed and short interest could impact the stock. LG Display reported negative earnings per share for the quarter and a negative net margin. The stock has a market capitalization of $3.65 billion. Large investors have recently added to or reduced their stakes in the company. LG Display engages in the manufacture and sale of display panels primarily used in televisions and other devices.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $3.65 and last traded at $3.66, with a volume of 242152 shares traded. The stock had previously closed at $3.71.

Analyst Ratings Changes

  • Short Interest Could Send These 2 Stocks Flying

Separately, StockNews.com cut LG Display from a "buy" rating to a "hold" rating in a research report on Wednesday, April 3rd.

Get Our Latest Analysis on LPL

LG Display Trading Down 1.6 %

The stock has a 50-day moving average price of $4.03 and a two-hundred day moving average price of $4.48. The stock has a market capitalization of $3.65 billion, a PE ratio of -1.53 and a beta of 1.42. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.50 and a current ratio of 0.73.

LG Display (NYSE:LPL - Get Free Report) last issued its earnings results on Friday, March 8th. The electronics maker reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $5.61 billion for the quarter. LG Display had a negative return on equity of 24.29% and a negative net margin of 10.46%. As a group, equities analysts forecast that LG Display Co., Ltd. will post -0.98 earnings per share for the current year.

Institutional Trading of LG Display

A number of large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in LG Display by 2.4% in the 3rd quarter. Rhumbline Advisers now owns 462,558 shares of the electronics maker's stock worth $2,257,000 after buying an additional 11,005 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in LG Display by 12.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 205,702 shares of the electronics maker's stock worth $1,004,000 after purchasing an additional 22,296 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in LG Display by 69.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker's stock worth $364,000 after purchasing an additional 36,483 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in LG Display by 101.2% in the 1st quarter. BNP Paribas Financial Markets now owns 79,582 shares of the electronics maker's stock worth $326,000 after purchasing an additional 40,035 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in LG Display by 6.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 67,907 shares of the electronics maker's stock worth $331,000 after purchasing an additional 3,980 shares in the last quarter.

LG Display Company Profile

(Get Free Report)

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.

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